Brief Exercise 9-03 Sunland Company had the following two transactions related to its delivery truck. 1. Paid $42 for an oil change. 2. Paid $471 to install special shelving units, which increase the operating efficiency of the truck. Prepare Sunland Company’s journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 1. enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount 2. enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the second transaction enter a debit amount enter a credit amount
Brief Exercise 9-03 Sunland Company had the following two transactions related to its delivery truck. 1. Paid $42 for an oil change. 2. Paid $471 to install special shelving units, which increase the operating efficiency of the truck. Prepare Sunland Company’s journal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 1. enter an account title to record the first transaction enter a debit amount enter a credit amount enter an account title to record the first transaction enter a debit amount enter a credit amount 2. enter an account title to record the second transaction enter a debit amount enter a credit amount enter an account title to record the second transaction enter a debit amount enter a credit amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Brief Exercise 9-03
Sunland Company had the following two transactions related to its delivery truck.
Prepare Sunland Company’sjournal entries to record these two transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
| 1. | Paid $42 for an oil change. | |
| 2. | Paid $471 to install special shelving units, which increase the operating efficiency of the truck. |
Prepare Sunland Company’s
|
No.
|
Account Titles and Explanation
|
Debit
|
Credit
|
|---|---|---|---|
|
1.
|
enter an account title to record the first transaction
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title to record the first transaction
|
enter a debit amount
|
enter a credit amount
|
|
|
2.
|
enter an account title to record the second transaction
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title to record the second transaction
|
enter a debit amount
|
enter a credit amount
|
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